Nynas AB recently announced the completion of a transaction involving the sale of a 49.9% shareholding in Nynas between Bitumina Industries Limited (in administration) and an investment vehicle managed by Davidson Kempner Capital Management LP, together with its affiliates and affiliated investment vehicles. Davidson Kempner is now the largest individual shareholder in Nynas after all necessary formalities have been completed.

“Davidson Kempner is a financially stable and knowledgeable owner who is already involved in Nynas as a major financier and knows Nynas role in the marketplace,” said Bo Askvik, Nynas president and CEO. “It is important for our employees, customers and suppliers that Nynas has an owner with the financial capacity and ambition to support the company.”

Learn more about Nynas at www.nynas.com.